Holocentric CEO Bruce Nixon reflects on the new technologies that have arrived and our partnership with the University of Melbourne to deliver a true Digital Twin of an Organization.
The Next Generation of transformation solutions has arrived. New technologies and approaches can increase success rates, lower transformation costs and ensure sustained benefits.
Holocentric has recently partnered with the University of Melbourne to capitalize on great research that has been undertaken over many years to determine how work is being performed, allowing you to understand what processes are being followed, whether compliance obligations are being met and what customer experience is being delivered. This, combined with the Holocentric Business Management System (BMS) delivers a true Digital Twin of an Organization.
A ‘Digital Twin’ is a virtualization of your business, it digitally mirrors your business and how it operates in the physical world. It synchronizes with its physical twin to ensure it remains a true and accurate reflection.
Gartner describe a Digital Twin of an Organization as a digital representation of your business. While it has been possible to build a model of an organization for many years, this has usually been based on theory and has not been tested against the real world operations. Imagine if you could rely upon a digital representation of your business, identify the ramifications of change and reliably simulate future operations prior to making significant investments in change initiatives.
This will be justified just by the change projects that do NOT proceed. With a much clearer understanding of the impact of change, the cost of making modifications to the people, process and systems mix, and the resultant benefits, some projects will not get off the drawing board, delivering a massive saving. Those that do proceed, can be undertaken with much greater confidence and dramatically increase the success rates.
Benefits gained can be sustained through the ongoing monitoring of business operations. The actual performance of processes can be related back to the digital model, discrepancies identified and further improvements implemented.